I recently got a Chase Sapphire Preferred card, in order to get the 40,000 bonus points for spending $3,000 in three months. I had one, previously, but cancelled it a couple of years ago. My plan was to get the bonus points with my new card (I did) and then see if Jay could get his own card and get another 40,000 bonus points.
Well – he applied and was instantly approved. So, we are waiting for the card to arrive in the mail. We will use it to pay the second half of the property taxes on our three Denver rentals.
We will cancel both cards before having to pay the annual fee. They are free for the first year.
Slowly, but surely, we are building our United miles/points balances back up.